Stone Oak bar/club experience in a nutshell from a 20-something (place to live, move) - San Antonio - Texas (TX) - Page 18 - City-Data Forum

Merovee · 10-12-2010, 05:46 AM

Well for that income map, Alamo Heights, Castle Hills, Balcones Heights, Hollywood Park, Shavano Park, etc...none have their data listed, all of those areas are simply labeled 'Bexar Co. & Inc. Cities'.

Income itself is not the most accurate indicator of wealth either since someone who has inherited millions but does not have a job will appear as not having income. Likewise for business owners and others who might live off of company funds, so everything can be written off, and it appears a corporation owns their property. Then you have CEOs maybe who get payed more in stock options and other assets which all will not be counted as income I believe. I am not a tax expert so if my examples are flawed I would like them corrected.

I consider the Alamo Heights area more prestigious than any other area because the leaders of industry and commerce are concentrated there more than anywhere else. Also unlike other neighborhoods where if you have enough money you can just move in, in Alamo Heights many times if they do not approve of you socially they will not sale to you, simple as that, it is not about money for them. They also will not pay 9 million for a property if it is not worth it. Likewise if you want to work for the very rich you are better off working for new money, money is no object, they will pay good, more than is deserved, while old money will pay the going rate and not a penny more.

scuba steve · 10-12-2010, 06:21 AM

Quote:

Originally Posted by Merovee

...I consider the Alamo Heights area more prestigious than any other area because the leaders of industry and commerce are concentrated there more than anywhere else. Also unlike other neighborhoods where if you have enough money you can just move in, in Alamo Heights many times if they do not approve of you socially they will not sale to you, simple as that, it is not about money for them...

So equal opportunity housing laws don't apply here. Gotcha!

Merovee · 10-12-2010, 06:23 AM

Well they are private sellers and not a business. I guess that is how it remains an 'enclave'. One should not expect to win the lottery and just move in.

L210 · 10-12-2010, 06:53 AM

Quote:

Originally Posted by Merovee

Well for that income map, Alamo Heights, Castle Hills, Balcones Heights, Hollywood Park, Shavano Park, etc...none have their data listed, all of those areas are simply labeled 'Bexar Co. & Inc. Cities'.

Income itself is not the most accurate indicator of wealth either since someone who has inherited millions but does not have a job will appear as not having income. Likewise for business owners and others who might live off of company funds, so everything can be written off, and it appears a corporation owns their property. Then you have CEOs maybe who get payed more in stock options and other assets which all will not be counted as income I believe. I am not a tax expert so if my examples are flawed I would like them corrected.

I consider the Alamo Heights area more prestigious than any other area because the leaders of industry and commerce are concentrated there more than anywhere else. Also unlike other neighborhoods where if you have enough money you can just move in, in Alamo Heights many times if they do not approve of you socially they will not sale to you, simple as that, it is not about money for them. They also will not pay 9 million for a property if it is not worth it. Likewise if you want to work for the very rich you are better off working for new money, money is no object, they will pay good, more than is deserved, while old money will pay the going rate and not a penny more.

Sorry, I should've linked to a thread that did have the income information.

Express News: "Gun Permits Tied to Wealth and Politics"

But if Alamo Heights is that exclusive, I wouldn't call it the nicest part of town because the people aren't that nice. I give more credit to those who earned their money anyway.

Merovee · 10-12-2010, 07:15 AM

Because that map is broken down by zip codes it will contain different areas outside the enclaves. I guess that is what Austinn was trying to say earlier, that one could go in any direction from Stone Oak, east or west, and stay in areas that are very similar.

Not sure if it is nice or not, it is not a universal rule either because there is new money in Alamo Heights, but I think they consider it being nice to their neighbors by not just moving away and not caring who moves in. They live differently, old money, and someone who is flashy and stuff, like many new money can be, would just not make a good fit. They would also like someone who moves in to their house to also be friends with their old neighbors, not all closed off, but I am sure many areas there have people who also keep to themselves.

It is not like they are keeping out people on the basis of race. *shrugs* that is just the way it has always been

The other model is anyone gets to move in and white flight begins anew as they begin to move out. That is how we got the suburbs. But I guess the idea of just being able to move out and buy something bigger and better is new money thinking. Old money wants land they can keep.

scuba steve · 10-12-2010, 07:22 AM

Quote:

Originally Posted by Merovee

Well they are private sellers and not a business. I guess that is how it remains an 'enclave'. One should not expect to win the lottery and just move in.

It doesn't matter - that's exactly the kind of thing that can get them in heaps of trouble. The Fair Housing Act prohibits discrimination based on familial status among many other things.

L210 · 10-12-2010, 07:23 AM

Here are the demographics for Alamo Heights only based on the 2000 census.

Alamo Heights Texas Demographics

Merovee · 10-12-2010, 07:25 AM

Incomes are way down as expected for new money. Their wealth is not from a monthly paycheck or annual salary even if they do work.

I wonder how much property tax they have to pay on those homes? Lots more than one does in SA.

L210 · 10-12-2010, 07:29 AM

I wonder if any other area in Bexar County can beat Alamo Heights in homogeneity. 95.3% white with most of the Hispanics obviously choosing white as their race.

jwebtx · 10-12-2010, 07:33 AM

Quote:

Originally Posted by Merovee

Also unlike other neighborhoods where if you have enough money you can just move in, in Alamo Heights many times if they do not approve of you socially they will not sale to you, simple as that, it is not about money for them. They also will not pay 9 million for a property if it is not worth it. Likewise if you want to work for the very rich you are better off working for new money, money is no object, they will pay good, more than is deserved, while old money will pay the going rate and not a penny more.

These are some of the most outrageous and unsupported claims I have read on this site in quite some time. That is saying a lot. Wow.